Data Science in the Pharmaceutical Industry
After 100 years of medical innovations that dramatically lengthened life expectancies and quality of life, from antibiotics to vaccinations, advances in human health have slowed significantly. In the U.S., life expectancy has actually declined two years in a row.
If there is going to be another major medical breakthrough, on par with the discovery of antibiotics or vaccinations, it will likely come as a result of the data revolution that is currently unfolding before our eyes.
The next miracle drug, however, is not the only reason that data science can deliver enormous benefits to pharmaceuticals and human health. Big data can help drug companies optimize every aspect of the business, from R&D to distribution. Those improvements will lead to lower costs and better service, therefore allowing more people to have better access to medication.